Collaborate Disseminate
Microsoft reports a total revenue of $33.1 billion for FYQ1 2020, with steady growth across all its businesses, mostly fueled by growth in cloud and Office.
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Facebook may be fined as much as $5 million by the FTC for data issues related to the Cambridge Analytica incident. Continue reading Facebook May Face $5 Billion FTC Fine for Data Misuse
FedEx reported an estimated $300 million loss in its first quarter earnings report Tuesday, attributing the loss mostly to a computer virus that impacted the company’s operations across Europe in July. The package delivery company’s Dutch subsidiary, TNT Express, was infected with the NotPetya ransomware virus in late June. NotPetya hit companies in Ukraine in late June and soon spread to other countries. Much of TNT Express’s operations are based in Ukraine. The attack froze users’ computers, encrypted their files and demanded a ransom of $300 in Bitcoin to regain access. Cybersecurity researchers found, however, that regardless of whether a victim paid the ransom for NotPetya, data on infected computers may be deleted. The earnings report released Tuesday by FedEx notes that most of TNT’s services resumed after the attack and “substantially all” its critical operational systems are back up and running, but volume, revenue and profits were negatively impacted. […]
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Continue reading FedEx attributes $300 million loss to NotPetya ransomware attack
A.P. Moller -Maersk said June’s NotPetya wiper malware attacks would cost the world’s largest shipping container company $300M USD in lost revenue. Continue reading Maersk Shipping Reports $300M Loss Stemming from NotPetya Attack